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FDIC Supervisory Insights Focuses on Credit Management Information Systems
On Wednesday, January 10, 2018, the FDIC issued the Supervisory Insights, which includes articles on credit Management Information Systems (MIS) and recent results from the FDIC's Credit and Consumer Products/Services Survey.
"A key component of a bank's risk management program is a strong credit MIS, which uses loan data to develop timely and meaningful reporting for a bank's board and senior management. This article illustrates how banks can strengthen credit MIS by incorporating forward-looking risk indicators and establishing a sound governance framework," said Doreen R. Eberley, Director of the FDIC's Division of Risk Management Supervision.